Cass Ltd purchased 80% of the capital of Logic Ltd for $280000 on 1 July 2014. At that date, the equity of Logic Ltd was: At this date, Logic Ltd had not recorded any goodwill, and all identifiable assets and liabilitie The plant has a remaining useful life of 5 years. Half of the inventory on hand at 1 July 2014 was sold by 30 June 2015. Differences between carrying amounts and fair values are recognised on consolidation. The tax rate is 30%. Logic Ltd reported profit of $50,000 for the period 2014-2015. Compute NCI share of profit for the period 2014-2015. Select one: A. $10,000 B. $7,200 C. $8,600 D. $5,800